State Street Corporation is expected to report quarterly earnings of $3.63 per share when it announces its third-quarter results, an increase of 30.6% year over year, on revenues projected to reach $4.04 billion, up 14% from the same quarter last year. The consensus EPS estimate has been revised upward by 0.6% over the past 30 days. Among the key metrics Wall Street watches, analysts expect assets under management of $6375.31 billion, up from $5446.00 billion a year ago, and net interest income of $857.91 million, up from $715.00 million. Total fee and other revenue is forecast at $3.20 billion versus $2.83 billion a year earlier, while the Basel III Advanced Approaches Tier 1 leverage ratio is seen at 5.3%, down from 5.6%, and the Basel III Standardized Approach Tier 1 capital ratio at 13.4%, down from 13.9%. Shares of State Street have fallen 8.5% over the past month, compared with a gain of 1.3% for the Zacks S&P 500 composite, and the stock carries a Zacks Rank #3 (Hold).
State Street CorpQ3 earnings preview with expected EPS/revenue growth and upward estimate revisions, but shares down 8.5% over the past month and Zacks Rank #3 (Hold).
